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Hunt Corp. issued 10-year bonds two years ago at a coupon rate of 7 percent. The bonds make semiannual payments and have a par value

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Hunt Corp. issued 10-year bonds two years ago at a coupon rate of 7 percent. The bonds make semiannual payments and have a par value of $1,000.11 the YTM on these bonds is 5 percent, what is the current bond price? (hint think of how many years remain on the bond) Multiple Choice $113055 $1162.98 $1,264.88 $985.88 $1.422.31

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